##
||||Page|
|---|---|---|---|
|Reference and Administrative
details||||
|Report ofthe|Trustees||2to 10|
|Report ofthe|Independent|Auditors|11to 13|
|Consolidated|Statement|of Financial Activities|14|
|Consolidated|Balance Sheet||15|
|Charity Balance Sheet|||16|
|Consolidated|Cash Flow|Statement|17|
|Notes to the|Financial Statements||18to 33|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Unrestricted||||
|---|---|---|---|---|---|---|---|
||||funds-|funds-|Restricted|2022|2021|
||||General
f|Designated
f|funds
f|Total funds
f|Total funds
f|
|||Notes||||||
|INCOME||||||||
|Donations
and legacies
Charitable
activities|||28,403|||28,403|38,728|
|Operation
oftheatre|||879,125|||879,125|291,696|
|Grants received|||1258033||15,372|1,273,405|1,364,865|
|Other trading
activities||3|00055|||68,055|14,630|
|Total income|||2,233,615||15,372|2,248,988|1,709,919|
|EXPENDITURE||||||||
|Raising funds|||32,242|||32,242|10,541|
|Charitable
activities||||||||
|Operation
oftheatre|||2,057,099|89,581|129,980|2,276,660|1,505,345|
|Total expenditure|||2,009,341|00 501|129,900|2 300,002|1,515,886|
|Net income/(expenditure)|||144,275|(89,581)|(114,608)|(59,914)|194,033|
|Transfers
between
funds|||~46 647|46647||||
|Net movement
in||||||||
|funds|||97,628|(42,934)|(114,608)|(59,914)|194,033|
|RECONCILIATION|OF|||||||
|FUNDS||||||||
|Total funds
brought
forward|||697,920|406,050|13405 573|14,670,351|14476310,
,|
|TOTAL FUNDS
CARRIED FORWARD|||795540443,024||13,370,965|140111437|14670,351|
##
##
##
|At 31stMarch 20|22||||||
|---|---|---|---|---|---|---|
||||||Group||
||||||2022|2021|
||||Unrestricted|Restricted|Total|Total|
|||Notes|funds
f|funds
f|funds
f|funds
f|
|FIXEDASSETS
Tangible assets||11|215906|13,273,70013409 704||13,637,45D|
|CURRENT ASSETS|||||||
|Debtors
Cash at bank and|in hand|13|250,361
1,337500|07107,|250,361
1,434,667|141,422
1,447,128|
||||1,587,861|97,167|1,685,028|1,588,550|
|CREDITORS|||||||
|Amounts
falling due within one year||14|(493,447)||(493,447)|(475,175)|
|NET CURRENT ASSETS|||1,004 414|97,107|1 1$1M1|1,113,375|
|TOTAL ASSETS|LESSCURRENT||||||
|LIABILITIES|||1,310,320|13,370,965|14,681,285|14,750,825|
|CREDITORS|||||||
|Amounts
falling due after more than one||15|||||
|year|||(70,848)||(70,848)|(80,474)|
|NET ASSETS|||1230472|, 13,370M0|14010427|14,67D,351|
|FUNDS||18|||||
|Unrestricted
general funds
Designated
funds|||||795,548
443,924|697,920
486,858|
|Unrestricted
funds|||||1,239,472|1,184,778|
|Restricted funds|||||13,370,965|13,485,573|
|TOTAL FUNDS|||||14,610,437|14,670,351|
##
##
|At 31stMarch 20|22||||||
|---|---|---|---|---|---|---|
||||||Charity||
||||||2022|2021|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|6|6|6||
|FIXEDASSETS|||||||
|Tangible assets||11|191,598|9,839|201,437|223,343|
|Investments||12|210||210|210|
||||~19'I808|9,839|201,647|223,553|
|CURRENT ASSETS|||||||
|Debtors
Cash at bank and|in hand|13|266,621
1,128,220|97,167|266,821
1,225,387|159,532
1,259,541|
||||1,394,841|97,167|1,492,008|1,419,073|
|CREDITORS|||||||
|Amounts
falling due within one year||14|(488,578)||(488,578)|(475,767)|
|NET CURRENT ASSETS|||906,263|97,167|1,003,430|943,306|
|NET ASSETS|||7~M8 071|107,000|1.200 077|1.705050|
|FUNDS||18|||||
|Unrestricted
general funds|||||654,147|581,025|
|Designated
funds|||||448 024|480 808|
|Unrestricted
funds|||||1,098,071|1,067,883|
|Restricted
funds|||||107,005|98,976|
|TOTAL FUNDS|||||1,200 077|1,106,058|
|for the year ended 31st Ma|rch 2022|||||
|---|---|---|---|---|---|
||||Notes|2022
f|2021|
|Cash flows from operating
activities:
Cash (used in)/generated
from operations|||23|~2,955)|568,533|
|Net cash (consumedj/provided
by operating
activities||||~2,955)|568,533|
|Cash flows from financing
Loan repayments
in year|activities:|||~9,506)|~Q.S87)|
|Net cash used in financing|activities|||0506|~9,387)|
|Change
in cash and cash
reporting
period|equivalents|in the||(12,461)|559,146|
|Cash and cash equivalents
ofthe reporting
period|at the beginning|||1447 1,29|887,982|
|Cash and cash equivalents
reporting
period|at the end|ofthe||1434.697|1,447,128|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|INCOME FR|OM CHA|RITA|BLE|A|CTIVIT|IES||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|||||||Operation of|Grants|Total|Total|
|||||||theatre|received|activities|activities|
|||||||8|6|8||
|Admission fees - Own||productions||||379,511||379,511|(4,134)|
|Admission fees - Incoming|||productions|||208,190||208,190||
|Christmas
production||funding|||||||32,000|
|Creative
learning
programme||||||32,644||32,644|5,050|
|Sponsorship
Grants (see|analysis|below)||||258,780|1273,405|258,780
1,273,405|258,780
1,364,865|
|||||||070,125|1 273405|2 152530|1,656,561|
|Grants received,
included
in the above, are as follows:||||||||||
|||||||||2022|2021|
|||||||||E|E|
|Arts Council|England|—National||portfolio||funding||805,229|805,229|
|HMRC Job|Retention|Scheme||||||33,478|305,254|
|Hull City Council —Local Restrictions
Arts Council
England —Culture Recovery Fund||||||||24,000
225,649|25,285
229,097|
|Garfield Weston —Weston|||Culture||Fund|||169,677||
|I AM I-und —Outreach||Youth Theatre||||||15,372||
|||||||||1,273,405|1,364,865|
|EXPENDITURE||||||||||
|||||||||Support||
||||||||Direct costs|costs|Totals|
|||||||||(See note 6)||
||||||||8|K|E|
|Raising funds|||||||6,142|26,100|32,242|
|Charitable|Activities|Costs:||||||||
|Operation
oftheatre|||||||1,008,444|1,268,216|2,276,660|
||||||||1,014586|1,294,316|2,308,902|
|Comparative|figures||||||500,004|08.002|1,015,800|
|SUPPORT|COSTS|||||||||
|||||||||2022|2021|
|||||||||Raising|Raising|
|||||||||funds|funds|
|||||||||E|K|
|Development
salaries||||||||26,100|9,800|
##
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||Operation of|Operation
of|
|||||theatre
8|theatre
f|
|Administration
and operations|||salaries|645,387|582,708|
|Administration||||163,569|84,472|
|Communications
and BoxOffice||||218,178|68,148|
|Buildings
and premises||||244,573|147,017|
|Depreciation,
impairment||and|loss on disposal|147,746|151,341|
|VAT recoverable||||(41,893)|(114,667)|
|Theatre tax relief||||(133,460)|(13,395)|
|Governance costs||||24,116|30,478|
|||||1,268,216|936,102|
|Governance
costs, included
in|||support costs, are as follows:|||
|||||2022|2021|
|||||Operation of|Operation
of|
|Governance costs||||theatre|theatre|
|||||8|8|
|Trustees' expenses||||25|21|
|Auditors'
remuneration||||15,414|16,200|
|Legal and professional|fees|||8,677|14,257|
|||||24,116|30,478|
|NET INCONIE/(EXPENDITURE)||||||
|Net income/(expenditure)||is stated after charging:||||
|||||2022|2021|
|||||8|E|
|Operating
leases - equipment||||12,990|13,110|
|Operating
leases - building||||15,000|15,000|
|Auditors'
remuneration||||15,414|16,200|
|Depreciation,
impairment||and loss on disposal||147,746|151,341|
##
##
|STAFF COSTS|||||
|---|---|---|---|---|
||||2022|2021|
||||8|8|
|Wages and salaries
Social security costs
Other pension costs|||806,993
61,909
15,494|704,231
53,017
14,007|
||||884,396|771,255|
|The average
monthly|number ofemployees|during the year was as follows:|||
||||2022|2021|
|Average
number|||53|53|
##
##
|OMPARATIVES FO|R THE STATE|MENT OF FINANCI|AL ACTIVITIES|||
|---|---|---|---|---|---|
|||Unrestricted|Unrestricted|||
|||funds-|funds-|Restricted|Total|
|||General|Designated|funds|funds|
|||5|8|6||
|INCOME||||||
|Donations
and legacies||38,728|||38,728|
|Charitable
activities||||||
|Operation
oftheatre
Grants received||291,696
1,135,768||229,097|291,696
1,364,865|
|Other trading
activities||14,630|||14630|
|Total income||1,480,822||229,097|1,709,919|
|EXPENDITURE||||||
|Raising funds||10,541|||10,541|
|Charitable
activities||||||
|Operation
of theatre||1,127,376|19,357|358,612|1,505,345|
|Other trading
activities||||||
|Total expenditure||~1,137917|19,357|358,612|1,515,886|
|Net income/(expenditure)||342,905|(19,357)|(129,515)|194,033|
|Transfers
between|funds|$131,000)|131,000|||
|Net movement
in funds||211,905|111,643|(129,515)|194,033|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought forward||486,015|375,215|13,615,088|14,476,318|
|TOTAL FUNDS CARRIED
FORWARD||697,930|406,05013,405,073||14470,351|
##
##
|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
|||||Fixtures,||
||Long|Freehold|Improve-|fittings||
||leasehold|land and|ments to|and||
|GROUP|property
f|buildings
6|property
6|equipment
6|Total
E|
|COST||||||
|At 1stApril 2021 and 31"||||||
|March 2022|14,014,006|311174|20074|1.291.4'14|10407 000|
|DEPRECIATION||||||
|At 1stApril 2021
Charge for year|1,427,410
122 837|127,209
5,345|9,555
~2001|1,246,044
~17763|2,810,218
147,746|
|At 31stMarch 2022|1,550,047|132,554|11,506|I 002,007|29579,64|
|NET BOOK VALUE||||||
|At 31st March 2022|13203 000|~070 020|10,010|30,007|13,409,704|
|At 31st March 2021|13,386,506|103,965|10,51040.370||13,637,450|
|||||Fixtures,||
|||Freehold|Improve-|fittings||
|CHARITY||land and|ments to|and||
|||buildings|property|equipment|Total|
|||E|E|6|E|
|COST||||||
|At 1stApril 2021 and 31"||||||
|March 2022||311,174|~10082|751,005|1072201|
|DEPRECIATION||||||
|At 1stApril 2021||127,209|2,208|719,501|848,918|
|Charge for year||5,345|202|16,359|21,906|
|At 31stMarch 2022||132,554|2,410|735,860|870,824|
|NET BOOK VALUE||||||
|At 31st March 2022||178,620|7,672|15,145|201,437|
|At 31stMarch 2021||183,965|7,674|31,504|223,343|
##
|FIXEDASSET INVESTMENTS||
|---|---|
||Shares
in|
||group|
|CHARITY|undertakings|
||K|
|MARKET VALUE||
|At 1stApril 2021 and 31st March 2022|210|
|NET BOOK VALUE||
|At 31st March 2022|210|
|At 31st March 2021|210|
##
|Class ofshare:|holding|
|---|---|
|Ordinary|100|
|Class ofshare:|holding|
|---|---|
|Ordinary|100|
|Class ofshare:|holding|
|---|---|
|Ordinary|100|
##
##
##
||||Group||Charity|
|---|---|---|---|---|---|
|||2022
f|2021
f|2022
f|2021
f|
|Trade debtors||13,396|7,660|10,193|7,660|
|Amounts
owed by group undertakings||||160,507|34,209|
|Other debtors||138,779|62,245|677|46,146|
|Prepayments
and accrued income||98,186|71,517|95,244|71,517|
|||250,361|141,422|266,621|159,532|
|CREDITORS: AMOUNTS FALLING DUE||WITHIN ONE|YEAR|||
||||Group||Charity|
|||2022
f|2021
f.|2022
f|2021
f|
|Loans (see note 16)||9,625|9,505|||
|Trade creditors||235,977|139,381|234,101|139,357|
|Amounts
owed to group undertakings||||13,695|16,057|
|Social security and other taxes||16,143|11,932|15,244|11,606|
|Other creditors||23,998|6,669|23,998|3,260|
|Accruals and deferred
income (see|below)|~207 704|307,688|201,540|305,287|
|||493,447|475,175|45$,578|475,767|
||||Group||Charity|
|Deferred Income||2022
f|2021
f|2022
f|2021
f|
|Deferred
income at 1st April 2021||281,871|123,368|281,871|123,368|
|Resources deferred
in the year
Amounts
released from previous year||136,239
~281 871)|182,639
~24,136)|136,239
182,639
~2973747~24,136||
|Deferred income at 31st March 2022||136,239|281,871|13I3239|28'1,871|
|Deferred
income comprises the following:||||||
|||||2022
f|2021
f|
|Creative
learning
and other income|in advance|||12,957|12,961|
|Boxoffice receipts
in advance||||123,282|99,233|
|Performance
related grants|||||169,677|
|||||136,239|281371,|
##
##
|15.|CREDITORS: AMOUNTS
FALLIN|G DUE AFTER MORE|THAN ONE YEA|R||
|---|---|---|---|---|---|
||||Group||Charity|
|||2022
f|2021|2022|2021|
||Loans (see note 16)|70,848|80,474|||
|16.|LOANS|||||
||||Group||Charity|
||Borrowings|2022|2021|2022|2021|
||Due within one year
Hull City Council Loan|8
9,625|9,505|6||
||Due over one year|||||
||Hull City Council Loan:|||||
||Within 1-2years|9,746|9,625|||
||Within 2-5years|29,979|29,607|||
||After 5years|31123|41,242|||
|||70,848|80,474|||
##
|Minimum
lease payments
under non|-cancellable
operatin|g
leases fall due|as follows:||
|---|---|---|---|---|
|||Group||Charity|
||2022
K|2021
F|2022
6|2021
f|
|Within one year
Between one and five years|23,850
60,661|26,335
86,068|113,850
420,661|116,335
446,068|
|In more than 5years|132,568|130,957|1,227,568|1,315,957|
||217,079|243,360|1,762,079|1,878„360|
##
##
||||||Net|Transfers||
|---|---|---|---|---|---|---|---|
||||||movement|Between||
|||||At 1.4.21|in funds|funds|At 31.3.22|
||||||8||5|
|Unrestricted
funds||||||||
|General fund||||097,920|144,275|~46,M7|705040|
|Designated
funds:||||||||
|Repairs and renewals||||55,853|(10,434)||45,419|
|Production
and artistic||costs||96,515||103,485|200,000|
|Staffing and inclusion costs||||42,170|(1,193)||40,977|
|City of Culture||||7,509||P,509)||
|Capital projects and|foyer|||33,563|||33,563|
|Digital innovation||||29,478|||29,478|
|Resilience reserve||||138,770|(20,000)|(51,783)|66,987|
|Production
equipment||||2,000|||2,000|
|Green Room||||8,000|(5,677)|(2,323)||
|Setting the Stage||||7,000|(5,534)|(1,466)||
|Planning
Consultants||||10,000|(5,480)|(4,520)||
|PR Agency||||16,000|(16,000)|5,500|5,500|
|Reopening||||40,000|(25,263)|(14,737)||
|Borehole||||||20,000|20,000|
|Total designated
funds|||(b)|486,858|89,581|46,647|443,924|
|Total unrestricted|funds|||1,104,770|54 694||1239472|
|Restricted funds||||||||
|British Council R&D|||(c)|10,003|||10,003|
|ACE Catalyst|||(d)|88,973|(7,343)||81,630|
|I AM Fund —Outreach||Youth Theatre|(e)|-|15,372||15,372|
|||||98,976|8,029||107,005|
|Hull Truck Enterprises||Limited||||||
|Ferensway
Theatre|Development||(f)|13,386,597|(122,637)||13,263,960|
|Total restricted funds||||13405 573|~774.000||13,370,965|
|TOTAL FUNDS||||14,070,351|~50,914|.|14010,437|
##
##
##
|Net movement
in fun|ds,|included
in the above|are as follo|ws:|||
|---|---|---|---|---|---|---|
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||E|E|6|
|Unrestricted
funds|||||||
|General fund||||2233010|~2089,341)|144,275|
|Designated
funds:|||||||
|Repairs and renewals|||||(10,434)|(10,434)|
|Production
and artistic||costs|||||
|Staffing and inclusion costs|||||(1,193)|(1,193)|
|City of Culture|||||||
|Capital projects and|foyer||||||
|Digital innovation|||||||
|Resilience reserve|||||(20,000)|(20,000)|
|Production
equipment|||||||
|Green Room|||||(5,677)|(5,677)|
|Setting the Stage|||||(5,534)|(5,534)|
|Planning
Consultants|||||(5,460)|(5,460)|
|PR Agency|||||(16,000)|(16,000)|
|Ruupu) III)g|||||(25,263)|(25,263)|
|Borehole|||||||
|Total designated
funds|||(b)||~00.000)|~09 501)|
|Total unrestricted|funds|||2,233,010|~2070022)|54,694|
|Restricted funds|||||||
|British Council R&D|||(c)||||
|ACE Catalyst
I AM Fund —Outreach||Youth Theatre|(d)
) )|15372|(7,343)|(7,343)
15,372|
|||||15,372|P,343)|6,029|
|Hull Truck Enterprises
Limited
Ferensway
Theatre Development|||||~)22,037|~024037),|
|Total restricted funds||||15372|~12,0,000|~004,000|
|TOTAL FUNDS||||2 240900|)2200003)|~59,914)|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|consolidated
o
the charity.
A|n a line by line basis in the SOFA. The total availa
summary
ofthe results ofthe subsidiary
is shown|ble
distributable
reserve
below:|s are gifted|
|---|---|---|---|
|||Total|Total|
|||2022|2021|
|||6||
|Turnover
Cost ofsales||26,781
~7,140||
|Gross profit/(loss)
Administrative
expenses||19,641
~2,802|~2,506)|
|Net profit/(loss)||18,839|~2,506)|
|The aggregate|ofthe assets, liabilities and funds was:|||
|Assets||43,410|21,963|
|Liabilities||~28,977|~24,369)|
|Aggregate
called up share capital and reserves||14,433|~2,406)|
##
|the results|oft|he subsidiary
is shown
below:|||
|---|---|---|---|---|
||||Total|Total|
||||2022|2021|
||||6|5|
|Turnover
Cost ofsales|||795,926
~933994|75,103
~88,498)|
|Gross loss|||(138,068)|(13,395)|
|Tax on loss|||138,068|13,395|
|Net profit|||||
|The aggregate||ofthe assets, liabilities and funds was:|||
|Assets
Liabilities|||138,068
~138068|13,395
~13,395)|
|Aggregate|called up share capital and reserves||||
##
##
##
##
##
|||||||||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||6|||
|Net (expenditure)/income||||for the reporting||period (as||per|the||||
|statement offinancial|||activities)|||||||(59,914)||194,033|
|Adjustments|for:||||||||||||
|Depreciation|charges|||||||||147,745||151,341|
|(Increase)/decrease||in|debtors|||||||(108,939)||109,232|
|Increase
in creditors||||||||||~18153||113,927|
|Net cash (consumed)/provided|||||by operating||activities|||~2,955)||~568533|
|ANALYSIS OF CHANGES||||IN NET DEBT|||||||||
|||||||||||Other|||
|||||||||||non-cash|||
|||||||At|1.4.21|Cash flow||changes|At 31.3.22||
||||||||8|||8||8|
|Net cash|||||||||||||
|Cash at bank and
in hand|||||1447.120|||~72,401|||1,434,667||
|Debt|||||||||||||
|Loans falling
Loans falling|due within
1 year
due after 1 year||||(9,505)
~80474,||||9,506|(9,626)
~9626|(9,625)
~70,848||
||||||~SS,ÃS||||9005|-|~$0473||
|Total|||||1,357,149|||~2 0500|||1|355194|
##
##
##
|||||2022
f|2021
f|
|---|---|---|---|---|---|
|INCOME||||||
|Donations
and legacies||||||
|Donations||||28,403|38,728|
|Other trading
activities||||||
|Theatre and Beverley|Road||rental income|10,440||
|Merchandise
&programme|||sales|6,544||
|Other income||||8,991|3,777|
|Corporate sponsorship||||10,329|10,853|
|Events and catering income||||26,781||
|Third party ticketing
income||||4,970||
|||||68,055|14,630|
|Charitable
activities||||||
|Admission
fees - Own productions
Admission fees - Incoming
productions||||379,511
208,190|(4,134)|
|Creative
learning
programme||||32,644|5,050|
|Christmas
production|funding||||32,000|
|Sponsorship||||258,780|258,780|
|Grants||||1,273,405|1,364,865|
|||||2,152,530|1,656 561|
|Total incoming
resources||||2,248,988|1,709,919|
|EXPENDITURE||||||
|Raising donations
and legacies||||||
|Sponsorship
and development||||6,142|741|
|Charitable
activities||||||
|Production
salaries||||194,275|163,176|
|Social security||||14,904|12,317|
|Pensions||||3,730|3,254|
|Own productions||||538,575|38,527|
|Incoming
productions||||150,462|17|
|Production
overheads||||29,916|77,621|
|Artistic overheads||||18,939|30,685|
|Creative learning
programme||||36,285|8,594|
|Project costs||||12,872|234,077|
|ACE strategic funds||||1,440|975|
|Other trading
activities||||7,046||
|||||1000441|569,243|
##
##
|for the year end|ed 31stMarch|2022|||
|---|---|---|---|---|
||||2022|2021|
||||8|E|
|Support costs|||||
|Raising funds|||||
|Development
salaries|||26,100|9,800|
|Administration|and operations|salaries|||
|Wages
Social security|||586,618
47,005|531,255
40,700|
|Pensions|||11,764|10,753|
||||845 387|582,708|
|Administration|||||
|Telephone|||11,959|10,120|
|Post and stationery|||2,094|1,474|
|Repairs and renewals|||486|2,355|
|Insurance|||17,618|20,684|
|Travel and subsistence|||30,949|79|
|Bank and other|charges||22,057|7,990|
|Computer
support
Office equipment
leasing|||39,946
12,990|21,084
13,110|
|Staff costs|||17,577|1,322|
|Subscriptions|||7,893|6,254|
||||163,569|84,472|
|Communications|and BoxOffice||||
|Travel and subsistence|||1,256|58|
|Commissions|||421|(21)|
|Subscriptions|||8,858|934|
|Print and distribution|||77,876|11,593|
|Design and advertising
Repairs and renewals|||82,081
1,303|28,195
518|
|Website and photography
Spektrix charges|||28,217
18,166|17,405
9,466|
||||218,178|68,148|
|Buildings
and premises
Rent|||15,000|15,000|
|Water and rates|||8,451|5,827|
|Light and heat
Insurance|||96,432
917|32,060
892|
|Security and fire|alarms||8,529|6,878|
|Repairs and maintenance|||104,348|75,464|
|Service charge|||10,896|10,896|
||||244,573|147,017|
##
##
|
for the year ended 3|
1stMarch 2022|||
|---|---|---|---|
|||2022|2021|
||||F|
|Depreciation||||
|Long leasehold||122,637|122,637|
|Freehold
property||5,345|5,345|
|Improvements
to property||2,001|2,002|
|Fixtures, fittings and equipment||17,763|21,357|
|Impairment
offreehold|property|||
|||147,746|151 341|
|VAT recoverable||~44,9$3)|~)14,667)|
|Theatre tax relief||~733,465|~13395)|
|Governance costs||||
|Trustees' expenses||25|21|
|Auditors'
remuneration||15,414|16,200|
|Legal and Professional||8,877|14,257|
|||24,116|30,478|
|Other trading
activities||||
|Events and catering salaries||||
|Total resources expended||2,308,802|1,515,886|
|Net (expenditure)/income||~59914|194533|